Hi Ken-Thanks for your input and I agree that I will just hold off on filing the 1120S. I am frustrated, as I'm sure we all are, that it feels like we cannot get anything completed with all these constant changes and not to mention the time spent, as we are gearing up for our busy season, keeping on top of all the constant changes and clarifications. I also find it hard to remember where I read certain information, when I'm looking to refernce it, as I have read so many different articles concerning all this!
I am planning on taking the retro ERC on the 4th quarter 941 per guidance in an AICPA article which indicates that "the bill allows eligible entities to claim the prior quarter's credits from 2020 in the quarter in which the bill was signed, which is the fourth quarter of 2020". However I am holding them until the last minute pending any changes to that.